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Bitcoin Cash Intraday: the downside prevails as long as 334.7 is resistance

Feb 4, 2025 9:41 AM
the downside prevails as long as 334.7 is resistance.
image
334.7 is our pivot point.
Our preference:
the downside prevails as long as 334.7 is resistance.
Alternative scenario:
above 334.7, look for 343.8 and 349.2.
Comment:
the RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 337.2 and 334).
Supports and resistances:
349.2 **
343.8 *
334.7 **
331.2
326.7 last
315.9
310.5 **
305.1 *
299.7 **
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